Byju’s receives An Offer from US SPAC, to go Public in USA

Indian Edtech, Byju’s has received an offer from a USA SPAC (Special Purpose Acquisition Companies) to go public in the USA. The company has received this offer at a valuation of $48 billion. SPAC is a type of company that has no commercial operations and raises its capital through an IPO. According to sources, Byju's has four to six weeks to respond to the offer and can choose to go for a primary IPO in the USA and later can have a secondary IPO in India as well.

The current valuation of the Edtech company is $18 billion with having raised over a billion dollars in 2021. It has continuously acquired many companies to expand its global presence.